💡 XAUUSD: Gold breaks all-time high

So the Gold price has officially broken its all-time peak and begun the search for a new peak. The chart below is a candlestick chart that visually represents the spot price of Gold on the XAUUSD exchange. Based on the momentum indicator below, we can see that there is still a lot of room for Gold to increase, so maybe our main strategy in the near future for Gold should be to buy.

The necessary strategy now is to consider Buy Limit. Avoid buying high to prevent risks

Комментарий:

Gold soared to an all-time high but ultimately closed below its ATH forming a candle with a long upper wick, suggesting this was likely a false breakout. However, it is uncertain whether the market will reverse after this long-tail candle or not. However, the current price action is difficult to trade, so on the first day of this week, please stay on the sidelines and wait for more price action first.